Wyoming 2025 Regular Session

Wyoming Senate Bill SF0195 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	ORIGINAL SENATE ENGROSSED
2		-	FILE NO. SF0195
3		-	ENROLLED ACT NO. 50, SENATE
4		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
5		-	2025 GENERAL SESSION
6		-	1
7		-	AN ACT relating to emergency loan programs; establishing an
8		-	emergency bridge loan program for small businesses during
9		-	declared natural disasters; specifying eligibility and
10		-	requirements for the bridge loan program; specifying terms,
11		-	conditions and obligations for bridge loans; specifying
12		-	duties; creating an account; requiring reports; providing a
13		-	loan; requiring rulemaking; and providing for effective
14		-	dates.
15		-	Be It Enacted by the Legislature of the State of Wyoming:
16		-	Section 1. W.S. 11-52-101 and 11-52-102 are created
17		-	to read:
18		-	CHAPTER 52
19		-	SMALL BUSINESS EMERGENCY BRIDGE LOAN PROGRAM
20		-	11-52-101. Definitions.
21		-	(a) As used in this chapter:
22		-	(i) "Office" means the office of state lands and
23		-	investments;
24		-	(ii) "Financial institution" means a bank or
25		-	credit union having a place of business within this state
26		-	and that is chartered under state or federal law;
27		-	(iii) "Program" means the small business
28		-	emergency bridge loan program created in this chapter;
29		-	(iv) "Director" means the director of the office
30		-	of state lands and investments. ORIGINAL SENATE ENGROSSED
31		-	FILE NO. SF0195
32		-	ENROLLED ACT NO. 50, SENATE
33		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
34		-	2025 GENERAL SESSION
35		-	211-52-102. Small business emergency bridge loan
36		-	program; eligibility; requirements; account.
37		-	(a) The small business emergency bridge loan program
38		-	is hereby created to provide short-term bridge loans to
39		-	Wyoming businesses after declared natural disasters.
40		-	(b) The office of state lands and investments shall
41		-	administer the program. The state loan and investment board
42		-	shall:
43		-	(i) Promulgate any rules necessary to implement
44		-	the program;
45		-	(ii) Establish a process by which financial
46		-	institutions may register to administer and process
47		-	emergency bridge loans issued under the program;
48		-	(iii) Develop an application for emergency
49		-	bridge loans, including specifying the documentation
50		-	required to apply, and provide applications to
51		-	participating financial institutions for distribution;
52		-	(iv) Review all applications and recommendations
53		-	from financial institutions to ensure that emergency bridge
54		-	loans are approved and made in accordance with this
55		-	chapter;
56		-	(v) Oversee the disbursement and repayment of
57		-	funds from emergency bridge loans.
58		-	(c) Subject to available funding, small business
59		-	emergency bridge loans shall be made and disbursed in
60		-	accordance with all of the following: ORIGINAL SENATE ENGROSSED
61		-	FILE NO. SF0195
62		-	ENROLLED ACT NO. 50, SENATE
63		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
64		-	2025 GENERAL SESSION
65		-	3(i) Before bridge loans shall be available under
66		-	this chapter, the governor shall declare that a natural
67		-	disaster has occurred and shall designate the counties in
68		-	which the natural disaster has occurred. For purposes of
69		-	this paragraph, the governor may declare a natural disaster
70		-	for purposes of making loans available under this section
71		-	upon the failure of infrastructure, including but not
72		-	limited to roads, bridges, dams and irrigation
73		-	infrastructure. Upon this declaration, businesses located
74		-	in the designated counties in which the natural disaster
75		-	has been declared may apply for emergency bridge loans
76		-	under this chapter;
77		-	(ii) Emergency bridge loans shall be made only
78		-	to businesses that:
79		-	(A) Are physically located and doing
80		-	business in Wyoming and are physically located within the
81		-	area in which the governor has declared that a natural
82		-	disaster has occurred;
83		-	(B) Were established and in operation
84		-	before the declared natural disaster occurred;
85		-	(C) Have one (1) or more persons who own
86		-	not less than fifty percent (50%) of the business, who can
87		-	apply for the loan and who shall serve as guarantor for the
88		-	loan. Any person or persons applying for a loan under this
89		-	chapter for a business shall have a credit score of not
90		-	less than five hundred fifty (550) and shall not be on
91		-	probation or parole at the time of application;
92		-	(D) Not be engaged in the business of loan
93		-	packaging, offering or providing short-term rentals,
94		-	speculation, multi-sales distribution, gaming, investment ORIGINAL SENATE ENGROSSED
95		-	FILE NO. SF0195
96		-	ENROLLED ACT NO. 50, SENATE
97		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
98		-	2025 GENERAL SESSION
	1	+	2025
	2	+	STATE OF WYOMING
	3	+	25LSO-0448
	4	+	ENGROSSED
	5	+	1SF0195
	6	+	SENATE FILE NO. SF0195
	7	+	Small business emergency bridge loan program.
	8	+	Sponsored by: Senator(s) Biteman and Representative(s)
	9	+	Neiman
	10	+	A BILL
	11	+	for
	12	+	1 AN ACT relating to emergency loan programs; establishing an
	13	+	2 emergency bridge loan program for small businesses during
	14	+	3 declared natural disasters; specifying eligibility and
	15	+	4 requirements for the bridge loan program; specifying terms,
	16	+	5 conditions and obligations for bridge loans; specifying
	17	+	6 duties; creating an account; requiring reports; providing
	18	+	7 an appropriation; requiring rulemaking; and providing for
	19	+	8 effective dates.
	20	+	9
	21	+	10
	22	+	11
	23	+	12. W.S. 11-52-101 and 11-52-102 are created
	24	+	13 to read:
	25	+	14
	26	+	15 CHAPTER 52 2025STATE OF WYOMING25LSO-0448
	27	+	ENGROSSED
	28	+	2SF0195
	29	+	1 SMALL BUSINESS EMERGENCY BRIDGE LOAN PROGRAM
	30	+	2
	31	+	3
99	32		4
100		-	or lending or any activity that violates state or federal
101		-	law.
102		-	(iii) Applications for emergency bridge loans
103		-	shall be filed with a financial institution registered with
104		-	the office to participate in the program. Upon receipt of a
105		-	complete application and all required documentation, the
106		-	financial institution shall review the application and
107		-	documentation to determine whether the business qualifies
108		-	for an emergency bridge loan under this chapter and shall
109		-	forward a recommendation to the office whether to approve
110		-	or reject the loan and any terms or conditions that should
111		-	be included for the loan;
112		-	(iv) Upon receipt of a recommendation from a
113		-	financial institution, the office shall, not later than
114		-	five (5) business days after receiving the recommendation,
115		-	review the recommendation and ensure that the applicant
116		-	qualifies for a loan. Upon determining that an applicant
117		-	qualifies under this chapter, the director may approve the
118		-	application and, if approved, shall disburse funds from the
119		-	account created in subsection (f) of this section to the
120		-	financial institution for disbursement to the loan
121		-	applicant or, if requested by the loan applicant or if the
122		-	financial institution is unable to accept the funds, for
123		-	disbursement directly to the loan applicant, and specify
124		-	any terms and conditions that shall be included as part of
125		-	the loan agreement. Loans approved by the director shall
126		-	not require subsequent approval by the state loan and
127		-	investment board.
128		-	(d) Emergency bridge loans issued under this chapter
129		-	shall: ORIGINAL SENATE ENGROSSED
130		-	FILE NO. SF0195
131		-	ENROLLED ACT NO. 50, SENATE
132		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
133		-	2025 GENERAL SESSION
134		-	5(i) Require an origination fee of two percent
135		-	(2%) of the loan amount, to be distributed to the financial
136		-	institution for processing the loan. The office shall pay
137		-	one percent (1%) of the origination fee from funds
138		-	available in the account created in subsection (f) of this
139		-	section. The loan applicant shall pay the remaining one
140		-	percent (1%) of the origination fee from loan proceeds. For
141		-	purposes of this paragraph, the office may require an
142		-	additional origination fee to be paid by the applicant for
143		-	deposit in the account created by subsection (f) of this
144		-	section if the additional fee is necessary to account for a
145		-	decreased amount of investment earnings as a result of the
146		-	emergency bridge loan program;
147		-	(ii) Not exceed seven hundred fifty thousand
148		-	dollars ($750,000.00) for each business applying under this
149		-	chapter;
150		-	(iii) Be secured by insurance proceeds or other
151		-	anticipated funds that the business will receive as a
152		-	result of the natural disaster or other land, equipment or
153		-	assets owned by the business;
154		-	(iv) Be expended only for any business purposes,
155		-	which may include, but not limited to, fencing repair, the
156		-	replacement of livestock, the replacement of buildings or
157		-	shelters, business vehicles, inventory replacement,
158		-	equipment damaged or destroyed in the natural disaster, the
159		-	leasing of land for business purposes, necessary trucking
160		-	and transportation expenses and temporary facilities for
161		-	the business to operate;
162		-	(v) Not be expended to expand the business's
163		-	operations or to purchase additional property or equipment
164		-	that the business did not have before the natural disaster; ORIGINAL SENATE ENGROSSED
165		-	FILE NO. SF0195
166		-	ENROLLED ACT NO. 50, SENATE
167		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
168		-	2025 GENERAL SESSION
	33	+	5 (a) As used in this chapter:
169	34		6
170		-	(vi) Contain repayment terms, provided that:
171		-	(A) Full repayment shall occur not later
172		-	than three (3) years after the issuance of the loan;
173		-	(B) Interest shall be charged on the loan
174		-	at a rate not to exceed zero percent (0%) plus the interest
175		-	rate earned on pooled fund investments in the previous
176		-	fiscal year. The interest rate specified in this
177		-	subparagraph shall be reduced to account for investment
178		-	earnings and the rate of return on investments of the small
179		-	business emergency bridge loan account created in
180		-	subsection (f) of this section.
181		-	(e) Each business receiving a loan under this chapter
182		-	shall make repayments to the office. Upon receiving
183		-	payments, the office shall deposit the funds received,
184		-	including interest, in the small business emergency bridge
185		-	loan account created in subsection (f) of this section.
186		-	(f) There is created the small business emergency
187		-	bridge loan account. Funds within the account shall be used
188		-	only to provide emergency bridge loans under this chapter,
189		-	origination fees specified in this chapter and any
190		-	administrative costs associated with operating the program.
191		-	The state treasurer shall invest funds within the account
192		-	in accordance with law, and all earnings from the account
193		-	shall be deposited in the account. The office may accept
194		-	grants, gifts or other funds for deposit in the account.
195		-	Any grants, gifts or other funds accepted under this
196		-	subsection shall first be expended to reduce, on a pro rata
197		-	basis, the interest that applicants are required to pay
198		-	under this section. Funds in the account are continuously ORIGINAL SENATE ENGROSSED
199		-	FILE NO. SF0195
200		-	ENROLLED ACT NO. 50, SENATE
201		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
202		-	2025 GENERAL SESSION
	35	+	7 (i) "Office" means the office of state lands and
	36	+	8 investments;
	37	+	9
	38	+	10 (ii) "Financial institution" means a bank or
	39	+	11 credit union having a place of business within this state
	40	+	12 and that is chartered under state or federal law;
	41	+	13
	42	+	14 (iii) "Program" means the small business
	43	+	15 emergency bridge loan program created in this chapter.
	44	+	16
	45	+	17
	46	+	18
	47	+	19
	48	+	20 (a) The small business emergency bridge loan program
	49	+	21 is hereby created to provide short-term bridge loans to
	50	+	22 Wyoming businesses after declared natural disasters.
	51	+	23 2025STATE OF WYOMING25LSO-0448
	52	+	ENGROSSED
	53	+	3SF01951 (b) The office of state lands and investments shall
	54	+	2 administer the program. The office shall:
	55	+	3
	56	+	4 (i) Promulgate any rules necessary to implement
	57	+	5 the program;
	58	+	6
	59	+	7 (ii) Establish a process by which financial
	60	+	8 institutions may register to administer and process
	61	+	9 emergency bridge loans issued under the program;
	62	+	10
	63	+	11 (iii) Develop an application for emergency
	64	+	12 bridge loans, including specifying the documentation
	65	+	13 required to apply, and provide applications to
	66	+	14 participating financial institutions for distribution;
	67	+	15
	68	+	16 (iv) Review all applications and recommendations
	69	+	17 from financial institutions to ensure that emergency bridge
	70	+	18 loans are approved and made in accordance with this
	71	+	19 chapter;
	72	+	20
	73	+	21 (v) Oversee the disbursement and repayment of
	74	+	22 funds from emergency bridge loans.
	75	+	23 2025STATE OF WYOMING25LSO-0448
	76	+	ENGROSSED
	77	+	4SF01951 (c) Subject to available funding, small business
	78	+	2 emergency bridge loans shall be made and disbursed in
	79	+	3 accordance with all of the following:
	80	+	4
	81	+	5 (i) Before bridge loans shall be available under
	82	+	6 this chapter, the governor shall declare that a natural
	83	+	7 disaster has occurred and shall designate the counties in
	84	+	8 which the natural disaster has occurred. For purposes of
	85	+	9 this paragraph, the governor may declare a natural disaster
	86	+	10 for purposes of making loans available under this section
	87	+	11 upon the failure of infrastructure, including but not
	88	+	12 limited to roads, bridges, dams and irrigation
	89	+	13 infrastructure. Upon this declaration, businesses located
	90	+	14 in the designated counties in which the natural disaster
	91	+	15 has been declared may apply for emergency bridge loans
	92	+	16 under this chapter;
	93	+	17
	94	+	18 (ii) Emergency bridge loans shall be made only
	95	+	19 to businesses that:
	96	+	20
	97	+	21 (A) Are physically located and doing
	98	+	22 business in Wyoming and are physically located within the 2025STATE OF WYOMING25LSO-0448
	99	+	ENGROSSED
	100	+	5SF0195
	101	+	1 area in which the governor has declared that a natural
	102	+	2 disaster has occurred;
	103	+	3
	104	+	4 (B) Were established and in operation
	105	+	5 before the declared natural disaster occurred;
	106	+	6
	107	+	7 (C) Have one (1) or more persons who own
	108	+	8 not less than fifty percent (50%) of the business, who can
	109	+	9 apply for the loan and who shall serve as guarantor for the
	110	+	10 loan. Any person or persons applying for a loan under this
	111	+	11 chapter for a business shall have a credit score of not
	112	+	12 less than five hundred fifty (550) and shall not be on
	113	+	13 probation or parole at the time of application;
	114	+	14
	115	+	15 (D) Not be engaged in the business of loan
	116	+	16 packaging, offering or providing short-term rentals,
	117	+	17 speculation, multi-sales distribution, gaming, investment
	118	+	18 or lending or any activity that violates state or federal
	119	+	19 law.
	120	+	20
	121	+	21 (iii) Applications for emergency bridge loans
	122	+	22 shall be filed with a financial institution registered with
	123	+	23 the office to participate in the program. Upon receipt of a 2025STATE OF WYOMING25LSO-0448
	124	+	ENGROSSED
	125	+	6SF0195
	126	+	1 complete application and all required documentation, the
	127	+	2 financial institution shall review the application and
	128	+	3 documentation to determine whether the business qualifies
	129	+	4 for an emergency bridge loan under this chapter and shall
	130	+	5 forward a recommendation to the office whether to approve
	131	+	6 or reject the loan and any terms or conditions that should
	132	+	7 be included for the loan;
	133	+	8
	134	+	9 (iv) Upon receipt of a recommendation from a
	135	+	10 financial institution, the office shall, not later than
	136	+	11 five (5) business days after receiving the recommendation,
	137	+	12 review the recommendation and ensure that the applicant
	138	+	13 qualifies for a loan. Upon determining that an applicant
	139	+	14 qualifies under this chapter, the office shall disburse
	140	+	15 funds from the account created in subsection (f) of this
	141	+	16 section to the financial institution for disbursement to
	142	+	17 the loan applicant or, if requested by the loan applicant
	143	+	18 or if the financial institution is unable to accept the
	144	+	19 funds, for disbursement directly to the loan applicant, and
	145	+	20 specify any terms and conditions that shall be included as
	146	+	21 part of the loan agreement.
	147	+	22 2025STATE OF WYOMING25LSO-0448
	148	+	ENGROSSED
	149	+	7SF01951 (d) Emergency bridge loans issued under this chapter
	150	+	2 shall:
	151	+	3
	152	+	4 (i) Require an origination fee of two percent
	153	+	5 (2%) of the loan amount, to be distributed to the financial
	154	+	6 institution for processing the loan. The office shall pay
	155	+	7 one percent (1%) of the origination fee from funds
	156	+	8 available in the account created in subsection (f) of this
	157	+	9 section. The loan applicant shall pay the remaining one
	158	+	10 percent (1%) of the origination fee from loan proceeds. For
	159	+	11 purposes of this paragraph, the office may require an
	160	+	12 additional origination fee to be paid by the applicant for
	161	+	13 deposit in the account created by subsection (f) of this
	162	+	14 section if the additional fee is necessary to account for a
	163	+	15 decreased amount of investment earnings as a result of the
	164	+	16 emergency bridge loan program;
	165	+	17
	166	+	18 (ii) Not exceed seven hundred fifty thousand
	167	+	19 dollars ($750,000.00) for each business applying under this
	168	+	20 chapter;
	169	+	21 2025STATE OF WYOMING25LSO-0448
	170	+	ENGROSSED
	171	+	8SF01951 (iii) Be secured by insurance proceeds that the
	172	+	2 business will receive as a result of the natural disaster
	173	+	3 or other land, equipment or assets owned by the business;
	174	+	4
	175	+	5 (iv) Be expended only for any business purposes,
	176	+	6 which may include fencing repair, the replacement of
	177	+	7 livestock, the replacement of buildings or shelters, farm
	178	+	8 vehicles, ranch vehicles and equipment damaged or destroyed
	179	+	9 in the natural disaster, the leasing of land for livestock
	180	+	10 grazing, necessary trucking and transportation expenses and
	181	+	11 temporary facilities for the business to operate;
	182	+	12
	183	+	13 (v) Not be expended to expand the business's
	184	+	14 operations or to purchase additional property or equipment
	185	+	15 that the business did not have before the natural disaster;
	186	+	16
	187	+	17 (vi) Contain repayment terms, provided that:
	188	+	18
	189	+	19 (A) Full repayment shall occur not later
	190	+	20 than three (3) years after the issuance of the loan;
	191	+	21
	192	+	22 (B) Interest shall be charged on the loan
	193	+	23 at a rate not to exceed zero percent (0%) plus the interest 2025STATE OF WYOMING25LSO-0448
	194	+	ENGROSSED
	195	+	9SF0195
	196	+	1 rate earned on pooled fund investments in the previous
	197	+	2 fiscal year. The interest rate specified in this
	198	+	3 subparagraph shall be reduced to account for investment
	199	+	4 earnings and the rate of return on investments of the small
	200	+	5 business emergency bridge loan account created in
	201	+	6 subsection (f) of this section.
203	202		7
204		-	appropriated to the office to be expended only in
205		-	accordance with this chapter.
206		-	(g) Not later than October 1 of each year, the office
207		-	shall annually review the program and report to the joint
208		-	appropriations committee, the joint agriculture, state and
209		-	public lands and water resources interim committee and the
210		-	state loan and investment board on the loans made under the
211		-	program, all outstanding loan commitments, repayments
212		-	received and the balance of the account created in
213		-	subsection (f) of this section.
214		-	(h) The director of the office of state lands and
215		-	investments, with approval from the governor, is authorized
216		-	to borrow from the legislative stabilization reserve
217		-	account up to twenty-five million dollars ($25,000,000.00)
218		-	as necessary to meet funding requirements for qualifying
219		-	loans under this section. Any loan proceeds shall be
220		-	deposited into the small business emergency bridge loan
221		-	account. Interest charged on the amounts borrowed shall be
222		-	zero percent (0%). The director of the office of state
223		-	lands and investments shall report to the joint
224		-	appropriations committee, the president of the senate and
225		-	the speaker of the house of representatives immediately ORIGINAL SENATE ENGROSSED
226		-	FILE NO. SF0195
227		-	ENROLLED ACT NO. 50, SENATE
228		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
229		-	2025 GENERAL SESSION
230		-	8
231		-	upon exercise of this loan authority. The director of the
232		-	office of state lands and investments, after consultation
233		-	with the state auditor, shall include an appropriation
234		-	request in each biennial budget and supplemental budget
235		-	request in an amount equal to the lesser of twenty-five
236		-	million dollars ($25,000,000.00) or the outstanding loan
237		-	balance until all loans from the legislative stabilization
238		-	reserve account to the emergency bridge loan account are
239		-	repaid in full.
240		-	Section 2. The office of state lands and investments
241		-	shall promulgate all rules necessary to implement this act. ORIGINAL SENATE ENGROSSED
242		-	FILE NO. SF0195
243		-	ENROLLED ACT NO. 50, SENATE
244		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
245		-	2025 GENERAL SESSION
246		-	9Section 3.
247		-	(a) Except as provided in subsection (b) of this
248		-	section, this act is effective July 1, 2025.
249		-	(b) Sections 2 and 3 of this act are effective
250		-	immediately upon completion of all acts necessary for a
251		-	bill to become law as provided by Article 4, Section 8 of
252		-	the Wyoming Constitution.
253		-	(END)
254		-	Speaker of the HousePresident of the SenateGovernorTIME APPROVED: _________DATE APPROVED: _________
255		-	I hereby certify that this act originated in the Senate.
256		-	Chief Clerk
	203	+	8 (e) Each business receiving a loan under this chapter
	204	+	9 shall make repayments to the office. Upon receiving
	205	+	10 payments, the office shall deposit the funds received,
	206	+	11 including interest, in the small business emergency bridge
	207	+	12 loan account created in subsection (f) of this section.
	208	+	13
	209	+	14 (f) There is created the small business emergency
	210	+	15 bridge loan account. Funds within the account shall be used
	211	+	16 only to provide emergency bridge loans under this chapter,
	212	+	17 origination fees specified in this chapter and any
	213	+	18 administrative costs associated with operating the program.
	214	+	19 The state treasurer shall invest funds within the account
	215	+	20 in accordance with law, and all earnings from the account
	216	+	21 shall be deposited in the account. The office may accept
	217	+	22 grants, gifts or other funds for deposit in the account.
	218	+	23 Any grants, gifts or other funds accepted under this 2025STATE OF WYOMING25LSO-0448
	219	+	ENGROSSED
	220	+	10SF0195
	221	+	1 subsection shall first be expended to reduce, on a pro rata
	222	+	2 basis, the interest that applicants are required to pay
	223	+	3 under this section. Funds in the account are continuously
	224	+	4 appropriated to the office to be expended only in
	225	+	5 accordance with this chapter.
	226	+	6
	227	+	7 (g) Not later than October 1 of each year, the office
	228	+	8 shall annually review the program and report to the joint
	229	+	9 appropriations committee and the joint agriculture, state
	230	+	10 and public lands and water resources interim committee on
	231	+	11 the loans made under the program, all outstanding loan
	232	+	12 commitments, repayments received and the balance of the
	233	+	13 account created in subsection (f) of this section.
	234	+	14
	235	+	15There is appropriated twenty‑five million
	236	+	16 dollars ($25,000,000.00) from the general fund to the small
	237	+	17 business emergency bridge loan account, as created by
	238	+	18 section 1 of this act. Funds in the account shall be
	239	+	19 expended in accordance with W.S. 11-52-102, as created by
	240	+	20 section 1 of this act. Notwithstanding W.S. 9-2-1008,
	241	+	21 9-2-1012(e) and 9-4-207, this appropriation shall not
	242	+	22 revert except upon further legislative action. It is the
	243	+	23 intent of the legislature that this appropriation not be 2025STATE OF WYOMING25LSO-0448
	244	+	ENGROSSED
	245	+	11SF0195
	246	+	1 included in the standard budget of the office of state
	247	+	2 lands and investments for the immediately succeeding fiscal
	248	+	3 biennium.
	249	+	4
	250	+	5The office of state lands and investments
	251	+	6 shall promulgate all rules necessary to implement this act.
	252	+	7
	253	+	8.
	254	+	9
	255	+	10 (a) Except as provided in subsection (b) of this
	256	+	11 section, this act is effective July 1, 2025.
	257	+	12
	258	+	13 (b) Sections 3 and 4 of this act are effective
	259	+	14 immediately upon completion of all acts necessary for a
	260	+	15 bill to become law as provided by Article 4, Section 8 of
	261	+	16 the Wyoming Constitution.
	262	+	17
	263	+	18 (END)